Middle East & Africa Ceiling Fans Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Product (Standard and Decorative), Fan Size (Small, Medium, and Large), and End-User (Residential, Commercial, and Industrial)
Market Introduction
The MEA region includes countries such as South Africa, Saudi Arabia, the UAE, and the rest of MEA. The MEA is an evolving market for the construction and manufacturing industry, and the demand for the product is relatively high in the region. The market for MEA is experiencing rapid development with the growth of markets such as Dubai, Abu Dhabi, and Iran. New investment and better marketing strategies have led to the capture of market share in the MEA region. The shift in consumer lifestyles, coupled with industrialization and urbanization, enhances construction activities, which is eventually expected to stimulate the demand for the ceiling fan market. This has been providing huge opportunities for the manufacturers of the ceiling fan market. The residential construction activities in the Middle East countries like Kuwait, Saudi Arabia, Oman, and UAE, Egypt, amongst others, are also propelling the market's growth. Over the past few years, the residential and commercial construction sector in the MEA region had experienced a sharp increase due to high economic growth, population growth, rising middle class, and increasing foreign investment. Countries like United Arab Emirates, Saudi Arabia, Oman, and Egypt are initiating various infrastructure projects like new megacities, housing projects, and others, which is anticipated to create a demand for electrical appliances such as ceiling fans. Also, rising demand for energy efficient fans is a major factor driving the MEA ceiling fans market.
The ongoing COVID-19 pandemic is affecting the MEA region very badly. Among the MEA countries, South Africa has faced the highest COVID-19 cases. Other significant countries facing the economic impact of COVID-19 include Iran, Turkey, Saudi Arabia, Israel, Morocco, UAE, Qatar, Kuwait, Oman, and Egypt. The region comprises many growing economies such as UAE and Saudi Arabia, among others, which are prospective markets for ceiling fan providers, owing to the huge presence of diverse customer base for the consumer goods sector. In addition to this, the factory lockdowns, business shutdowns, and travel bans are further aggravating the economic problems of the countries in the MEA. Hence, the estimated decline in the region’s economic condition and impact of COVID-19 on the growth of various industries in the region is expected to negatively impact the development of the ceiling fans market in 2021.
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Market Overview and Dynamics
The ceiling fans market in MEA is expected to grow from US$ 1,444.39 million in 2019 to US$ 2,409.66 million by 2027; it is estimated to grow at a CAGR of 6.7% from 2020 to 2027. The residential construction activities in the Middle East countries like Kuwait, Saudi Arabia, Oman, and UAE, Egypt, amongst others, are also propelling the market's growth. Over the past few years, the residential and commercial construction sector in the MEA region had experienced a sharp increase due to high economic growth, population growth, rising middle class, and increasing foreign investment. Countries like United Arab Emirates, Saudi Arabia, Oman, and Egypt are initiating various infrastructure projects like new megacities, housing projects, and others, which is anticipated to create a demand for electrical appliances such as ceiling fans. Furthermore, escalating awareness regarding the benefits of ceiling fans among the customers of African countries is also generating increased demand for ceiling fans in the African region. Moreover, favorable government initiatives to provide electricity connection in rural areas in Liberia, Burundi, Niger, Malawi, and Mozambique countries will continue to expand the demand for ceiling fans in the upcoming years, thereby propelling the ceiling fan market demand.
Key Market Segments
The MEA ceiling fans market is segmented into product, fan size, and end-user. Based on product, the market is segmented into standard and decorative. The standard segment held the largest share of MEA ceiling fans market in 2019. Based on fan size, the MEA ceiling fans market is segmented into small, medium, and large. The medium segment held the largest share of MEA ceiling fans market in 2019. Based on end-user, the MEA ceiling fans market is segmented into residential, commercial, and industrial. Residential segment held the largest share of MEA ceiling fans market in 2019.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the ceiling fans market in MEA are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Crompton Greaves Consumer Electricals Limited, Fantasia Ceiling Fans, Havells India Ltd., Hunter Fan Company, Panasonic Corporation.
Reasons to buy report
- To understand the MEA ceiling fans market landscape and identify market segments that are most likely to guarantee a strong return.
- Stay ahead of the race by comprehending the ever-changing competitive landscape for MEA ceiling fans market.
- Efficiently plan M&A and partnership deals in MEA ceiling fans market by identifying market segments with the most promising probable sales.
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form MEA ceiling fans market.
- Obtain market revenue forecast for market by various segments from 2020-2027 in MEA region.
MEA Ceiling Fans Market Segmentation
MEA Ceiling Fans Market - By Product
- Standard
- Decorative
MEA Ceiling Fans Market - By Fan Size
- Small
- Medium
- Large
MEA Ceiling Fans Market - By End-User
- Residential
- Commercial
- Industrial
MEA Ceiling Fans Market - By Country
- South Africa
- Saudi Arabia
- UAE
- Rest of MEA
MEA Ceiling Fans Market - Company Profiles
- Crompton Greaves Consumer Electricals Limited
- Fantasia Ceiling Fans
- Havells India Ltd.
- Hunter Fan Company
- Panasonic Corporation
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. MEA Ceiling Fans Market Landscape
4.1 Market Overview
4.2 MEA PEST Analysis
4.2.1 MEA PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. MEA Ceiling Fans Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 High-Tech and Smart Consumer Products at High Demand
5.1.2 Boost in Purchasing of Superior Quality Decorative Items
5.2 Market Restraint
5.2.1 Various Alternative Options Available in Market
5.3 Market Trends
5.3.1 Rising Need Demand for Energy Efficient Fans
5.4 Impact Analysis of Drivers and Restraints
6. Ceiling Fans Market – MEA Analysis
6.1 MEA Ceiling Fans Market Overview
6.2 MEA Ceiling Fans Market –Revenue and Forecast to 2027 (US$ Million)
7. MEA Ceiling Fans Market Analysis – By Product
7.1 Overview
7.2 MEA Ceiling Fans Market, By Product (2019 and 2027)
7.3 Standard
7.3.1 Overview
7.3.1.1 Standard: Ceiling Fans Market – Revenue, and Forecast to 2027 (US$ Million)
7.4 Decorative
7.4.1 Overview
7.4.1.1 Decorative: Ceiling Fans Market – Revenue, and Forecast to 2027 (US$ Million)
8. MEA Ceiling Fans Market Analysis – By Fan Size
8.1 Overview
8.2 MEA Ceiling Fans Market, By Fan Size (2019 and 2027)
8.3 Small
8.3.1 Overview
8.3.1.1 Small: Ceiling Fans Market – Revenue, and Forecast to 2027 (US$ Million)
8.4 Medium
8.4.1 Overview
8.4.1.1 Medium: Ceiling Fans Market – Revenue, and Forecast to 2027 (US$ Million)
8.5 Large
8.5.1 Overview
8.5.1.1 Large: Ceiling Fans Market – Revenue, and Forecast to 2027 (US$ Million)
9. MEA Ceiling Fans Market Analysis – By End- User
9.1 Overview
9.2 MEA Ceiling Fans Market, By End- User (2019 and 2027)
9.3 Residential
9.3.1 Overview
9.3.1.1 Residential: Ceiling Fans Market – Revenue, and Forecast to 2027 (US$ Million)
9.4 Commercial
9.4.1 Overview
9.4.1.1 Commercial: Ceiling Fans Market – Revenue, and Forecast to 2027 (US$ Million)
9.5 Industrial
9.5.1 Overview
9.5.1.1 Industrial: Ceiling Fans Market – Revenue, and Forecast to 2027 (US$ Million)
10. MEA Ceiling Fans Market – Country Analysis
10.1 Overview
10.1.1 MEA: Ceiling Fans Market, by Key Country
10.1.1.1 South Africa: Ceiling Fans Market –Revenue and Forecast to 2027 (US$ Million)
10.1.1.1.1 South Africa: Ceiling Fans Market, by Product
10.1.1.1.2 South Africa: Ceiling Fans Market, by Fan Size
10.1.1.1.3 South Africa: Ceiling Fans Market, by End-User
10.1.1.2 Saudi Arabia: Ceiling Fans Market –Revenue and Forecast to 2027 (US$ Million)
10.1.1.2.1 Saudi Arabia: Ceiling Fans Market, by Product
10.1.1.2.2 Saudi Arabia: Ceiling Fans Market, by Fan Size
10.1.1.2.3 Saudi Arabia: Ceiling Fans Market, by End-user
10.1.1.3 UAE: Ceiling Fans Market –Revenue and Forecast to 2027 (US$ Million)
10.1.1.3.1 UAE: Ceiling Fans Market, by Product
10.1.1.3.2 UAE: Ceiling Fans Market, by Fan Size
10.1.1.3.3 UAE: Ceiling Fans Market, by End-User
10.1.1.4 Rest of MEA: Ceiling Fans Market –Revenue and Forecast to 2027 (US$ Million)
10.1.1.4.1 Rest of MEA: Ceiling Fans Market, by Product
10.1.1.4.2 Rest of MEA: Ceiling Fans Market, by Fan Size
10.1.1.4.3 Rest of MEA: Ceiling Fans Market, by End-User
11. Impact of COVID-19 Pandemic on MEA Ceiling Fans Market
11.1 MEA: Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Merger and Acquisition
12.2 New Development
13. Company Profiles
13.1 Crompton Greaves Consumer Electricals Limited
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.2 Havells India Ltd.
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Hunter Fan Company
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Fantasia Ceiling Fans
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.5 Panasonic Corporation
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products And Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. MEA Ceiling Fans Market –Revenue and Forecast to 2027 (US$ Million)
Table 2. South Africa Ceiling Fans Market, by Product– Revenue and Forecast to 2027 (USD Million)
Table 3. South Africa Ceiling Fans Market, by Fan Size– Revenue and Forecast to 2027 (USD Million)
Table 4. South Africa Ceiling Fans Market, by End-User– Revenue and Forecast to 2027 (USD Million)
Table 5. Saudi Arabia Ceiling Fans Market, by Product– Revenue and Forecast to 2027 (USD Million)
Table 6. Saudi Arabia Ceiling Fans Market, by Fan Size – Revenue and Forecast to 2027 (USD Million)
Table 7. Saudi Arabia Ceiling Fans Market, by End-User – Revenue and Forecast to 2027 (USD Million)
Table 8. UAE Ceiling Fans Market, by Product– Revenue and Forecast to 2027 (USD Million)
Table 9. UAE Ceiling Fans Market, by Fan Size – Revenue and Forecast to 2027 (USD Million)
Table 10. UAE Ceiling Fans Market, by End-User – Revenue and Forecast to 2027 (USD Million)
Table 11. Rest of MEA Ceiling Fans Market, by Product– Revenue and Forecast to 2027 (USD Million)
Table 12. Rest of MEA Ceiling Fans Market, by Fan Size – Revenue and Forecast to 2027 (USD Million)
Table 13. Rest of MEA Ceiling Fans Market, by End-User – Revenue and Forecast to 2027 (USD Million)
Table 14. List of Abbreviation
LIST OF FIGURES
Figure 1. MEA Ceiling Fans Market Segmentation
Figure 2. MEA Ceiling Fans Market Segmentation – By Country
Figure 3. MEA Ceiling Fans Market Overview
Figure 4. Residential Segment Held Largest Share of MEA Ceiling Fans Market
Figure 5. South Africa Held Largest Share of MEA Ceiling Fans Market
Figure 6. Ecosystem Analysis
Figure 7. MEA Ceiling Fans Market Impact Analysis of Driver and Restraints
Figure 8. MEA: Ceiling Fans Market – Revenue and Forecast to 2027 (US$ Million)
Figure 9. MEA Ceiling Fans Market Revenue Share, by Product (2019 and 2027)
Figure 10. MEA Standard: Ceiling Fans Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 11. MEA Decorative: Ceiling Fans Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 12. MEA Ceiling Fans Market Revenue Share, by Fan Size (2019 and 2027)
Figure 13. MEA Small: Ceiling Fans Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 14. MEA Medium: Ceiling Fans Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 15. MEA Large: Ceiling Fans Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 16. MEA Ceiling Fans Market Revenue Share, by End- User (2019 and 2027)
Figure 17. MEA Residential: Ceiling Fans Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 18. MEA Commercial: Ceiling Fans Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 19. MEA Industrial: Ceiling Fans Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 20. MEA: Ceiling Fans Market, by Key Country - Revenue 2019 (US$ Million)
Figure 21. MEA: Ceiling Fans Market Revenue Share, by Key Country (2019 and 2027)
Figure 22. South Africa: Ceiling Fans Market –Revenue and Forecast to 2027 (US$ Million)
Figure 23. Saudi Arabia: Ceiling Fans Market –Revenue and Forecast to 2027 (US$ Million)
Figure 24. UAE: Ceiling Fans Market –Revenue and Forecast to 2027 (US$ Million)
Figure 25. Rest of MEA: Ceiling Fans Market –Revenue and Forecast to 2027 (US$ Million)
Figure 26. Impact of COVID-19 Pandemic in MEA Country Markets
- Crompton Greaves Consumer Electricals Limited
- Fantasia Ceiling Fans
- Havells India Ltd.
- Hunter Fan Company
- Panasonic Corporation
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the MEA ceiling fans market
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the MEA ceiling fans market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth MEA market trends and outlook coupled with the factors driving the ceiling fans market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution